BNET Industries
Last Fiscal Year Sales:$725.2M
- Public
- US
Dow Jones Description
We are a leading developer, marketer and distributor of branded performance apparel, footwear and accessories. The brands moisture-wicking synthetic fabrications are engineered in many different designs and styles for wear in nearly every climate to provide a performance alternative to traditional natural fiber products. Our products are sold worldwide and worn by athletes at all levels, from youth to professional, on playing fields around the globe, as well as by consumers with active lifestyles. Our net revenues grew to $725.2 million in 2008 from $205.2 million in 2004. We reported net revenues of $200.0 million for the first three months of 2009, which represented a 27.1% increase from the first three months of 2008. We believe that our growth in net revenues has been driven by a growing interest in performance products and the strength of the Under Armour brand in the marketplace relative to our competitors, as evidenced by the increases in our sales of apparel and footwear. We plan to continue to increase our net revenues by building upon our relationships with existing customers, expanding our product offerings, offering new and innovative products, building our direct to consumer sales channel and building our brand internationally. Our direct to consumer channel includes sales through our retail outlet and specialty stores, website, and catalog. ...
Number of Employees 2,200
Contact Information
1020 Hull Street 3rd Fl
Baltimore, Maryland 21230
(410) 234-9820
Peer Companies
NAICS Code Other Apparel Accessories and Other Apparel Manufacturing: 315999
Recent Events
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Under Armour UA Stretches Guidance After Q3 16% Sales Growth Update
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Under Armour in deal with mixed martial arts star
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Market Recap: Stocks Suspend Rally on Mixed Bag of Data, Earnings
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Options Edge: Sohu.com Inc., Yahoo! Inc., Google Inc., and SunTrust Banks, Inc.
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Word on the Street suggests that the ailing apparel firm is ready to sell one...
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STOCKS NEWS US-Visa payment volume stabilizes
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Barron's suggests that traders take profits on their investment in the coffee company
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Lululemon Athletica Q2 Profit Declines, Revenues Up 14%; Guides Q3 Revenues Above Consensus - Update
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The retailer lowered its full-year earnings forecast amid slumping same-store sales
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Workout gear can be stylish and help keep you cool
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Raymond James Downgrades Under Armour UA to Underperform
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Is Under Armour Running on Empty?
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Under Armour Appoints Gene McCarthy as Senior Vice President, Footwear
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Raphael Peck has resigned
News & Analysis
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under armour inc. - All News and Analysis
Under Armour, Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Michelle Tan – Goldman Sachs. Michelle Tan – Goldman Sachs I was wondering if you could give us a little more color on the drivers of the apparel re-acceleration next year, from a product perspective. And then also...
Decker Over Under Armour?
Ockham Research submits: “Under Amour’s men’s apparel has run out of growth opportunities. The company gets 35% of its men’s apparel sales, which in total comprise 53% of its revenues, from compression and while Under Amour’s done a lot to broaden athletes’ use of compression, it’s now seeing a...
Under Armour, Inc. Q2 2009 Earnings Call Transcript
Under Armour, Inc. UA Q2 2009 Earnings Call July 28, 2009 8:30 am ET
Under Armour, Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Omar Saad – Credit Suisse. Omar Saad – Credit Suisse On the apparel side of the equation, could you help us understand, I think it came in better than a lot of us expected showing some strong resiliency after a...
Paired Trade: Columbia Sportswear vs. Under Armour
Alan Brochstein, CFA submits: This is the third in a series of recommendations ( MetPro vs. Nalco MPR vs. NLC, Allergan vs. Johnson & Johnson AGN vs. JNJ), and I actually addressed these two companies last year. While Under Armour UA cratered relative to Columbia Sportswear COLM,...
Under Armour Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions We will go first Michelle Tan of Goldman Sachs. Please go ahead. Michelle Tan - Goldman Sachs No problem, I have two questions. One was, some color on the growth in the apparel business. Any kind of more break out you can give us between...
Should Nike Make a Play for Under Armour?
Wanting Green submits: Nike NKE needs to start considering what benefits they would have by exploring a purchase of Under Armour UA. Nike has tried to duplicate many of Under Armour's signature products, including the first product, the Under Armour underwear gear. Additionally, Under Armour's cold gear is a...
Under Armour: Getting Closer to the Bottom?
Ari Blaine submits: Under Armour UA has come under pressure in the past couple of month with UA missing numbers and guiding 2009 lower and an economy and market in shambles. Yesterday, Citigroup revised its price target to 12 with a sell rating and the other day Goldman Sachs initiated...
New Sell Initiation for Under Armour
Robert Maltbie submits: 18-FEB-09 - Under Armour, Inc. UA: While UA remains a premier brand, fewer people can afford to pay up for the gear and thus we don’t believe investors should pay up for the shares. We expect growth to slow and valuations to compress given the challenging economic...
Nike Should Buy Under Armour
During these turbulent economic times, companies with strong balance sheets should look to gain market share and boost long term revenue by acquiring smaller competitors at discounted prices. Nike NKE is in an ideal position with enough cash to acquire Under Armour UA for pennies on the dollar. Nike was...
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